Ontology Gas (ONG) is the native token of the Ontology blockchain, which is used to pay for transaction fees, storage, and the deployment and execution of smart contracts on the network.
Ontology Gas operates within the Ontology blockchain's dual-token model, consisting of ONT for governance and staking, while ONG is used for covering transaction fees and acting as a utility token for various operational aspects of the network. It is central to the blockchain's mechanism for incentivizing participation and securing network transactions.
Ontology Gas has several use cases, including:
Ontology Gas (ONG) was created as part of the Ontology blockchain platform, founded in 2017 by Jun Li. Ontology initially performed a distribution strategy involving airdrops, avoiding an ICO. The Ontology mainnet was launched in June 2018, which featured a token swap to native mainnet coins. The dual-token system, including ONG, was implemented to serve distinct functions in governance and utility, establishing Ontology as a significant platform focusing on identity, data solutions, and cross-chain interoperability.
The Ontology Gas price is $0.76507298 AUD, representing a +2.4% from the day prior.
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The trading volume of Ontology Gas (ONG) is $17.8M AUD in the last 24hrs, representing a +2.4% from the day prior.
Ontology Gas (ONG) can be purchased on Coinstash with AUD or by trading other cryptocurrencies for it. Coinstash offers various AUD deposit methods including bank transfers, POLi and PayID.
The current market cap of Ontology Gas (ONG) is $296.4M AUD.
Yes - With Coinstash you can convert your Ontology Gas (ONG) to AUD instantly. You can also withdraw AUD to your Australian bank account instantly and for free with no withdrawal fees.
The current circulating supply of Ontology Gas (ONG) is 398.0M.
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